Report Id: SNS/ICT/2544 | July 2022 | Region: Global | 138 Pages
Report Scope & Overview:
The Data-Centric Security Market size was valued at USD 3.12 Bn in 2021 and is expected to reach USD 14.63 Bn by 2028, and grow at a CAGR of 24.2 % over the forecast period 2022-2028.
Data-Centric Security is a type of security system that focuses on the dependability of data rather than the security of networks, servers, or applications. Data-Centric Security is rapidly expanding as businesses become increasingly reliant on digital information to perform their operations and large data organizations become more widespread. Data-Centric Security helps organizations overcome the mismatch between IT security technology and business strategy objectives by quickly tying security services to the data they implicitly safeguard. This relationship is typically disguised by the image of security as an end in itself.
Concerning the sensitive information that the company gathers, stores, and manages. Pirates are particularly fond of money or payment information, intellectual property, and sensitive personal information about workers and customers. Data security refers to the processes and technology used to secure data, which is an important component of safeguarding your company's reputation and financial health. Data security includes authentication, access control, backups and recovery, encryptions, data masking, tokenization omission, and erasure.
Demand for data-centric security solutions is increasing.
Data-centric security solutions are being used as a result of stringent restrictions.
The growing threat to company data is pushing the use of data-centric security solutions.
Tolerance of the organization for security breaches caused by internal weaknesses.
Increased data breaches will present possibilities for data-centric security firms.
The industrial revolution was widely adopted.
Enterprise budgetary concerns.
Inadequate understanding of data-centric security solutions.
IMPACT OF COVID-19:
Because of a considerable movement toward the use of digital platforms and work-from-home policies, the COVID-19 pandemic has had a positive influence on the data-centric security business, leading to increased digital data generation and a probable increase in cyber-attacks. Stringent data storage and leakage prevention rules, regular risk monitoring for breaches at both physical and digital access points, and the implementation of high-quality security systems at massive data farms are all crucial in these situations. By 2022, global investments in data and information security are expected to increase. As consumer awareness of data privacy and security improves, firms are anticipated to tighten their security policies, allowing the global data-centric security industry to expand further in the coming years.
Based on components, the global data center security market is divided into Software/Solutions, Data discovery, Data protection, Data governance, Professional Services, and others. The bulk of the global data-centric security market was accounted for by Software/Solutions. The software/solutions segment in the global data-centric security market is being driven by key technical benefits such as data inventory, identification and mapping, cataloging, validation, data detection, classification, and better visibility into the location, volume, context, and other risks, and data protection from internal and external factors.
The Cloud Deployment sector has a considerable market share due to several benefits such as lower operational expenses, a simple deployment process, and more scalability in terms of linked resources. Furthermore, cloud-based solutions are less expensive to implement than on-premises systems. Rather of protecting networks, servers, or applications, it ensures the safety of the data itself. Data-Centric Security in Cloud deployment is assisting as organizations rely on digital information to execute their company, and big data projects are becoming easier, which is driving the market expansion of the Data-Centric Security Market.
During the projection period, the healthcare and pharmaceutical category is expected to develop at the quickest rate. The healthcare vertical includes personal health information and vital data about a patient that requires high security; hence, data security is critical to this vertical. The rising requirement to preserve an organization's internal healthcare data is equally critical since most healthcare firms focus on client data security rather than internal data protection. With an increase in medical record thefts and an increased awareness of regulatory compliances, the adoption rate of data-centric security solutions and services is likely to rise in the future years.
KEY MARKET SEGMENTS:
On The Basis of Component
Software And Solution
On The Basis of Deployment
On The Basis of Organization Size
On The Basis of Vertical
Government And Defense
Healthcare And Pharmaceuticals
It And Enterprise
Because of the increasing use of encryption technologies and improved data-centric security solutions by growing economies such as India, China, Japan, Singapore, and Australia, the Asia Pacific region dominated the worldwide data-centric security market with the biggest share. Data-centric security solutions are being widely used by SMEs and organizations in the Asia Pacific area to secure critical and sensitive company data from cyber-attacks, commercial espionage, and data abuse. During the forecast period, the North American data-centric security market is expected to rise rapidly. This is due to the existence of the majority of market participants as well as the rising necessity to assure data security, supremacy, and lineage across enterprises.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
The major key players are Broadcom Inc., Forcepoint, IBM Corporation, Imperva, Informatica, Micro Focus, Netapp, Inc., Orange Cyberdefense, Talend S.A., and Varonis
|Market Size in 2021||USD 3.12 Billion|
|Market Size by 2028||USD 14.63 Billion|
|CAGR||CAGR 24.2% From 2022 to 2028|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• by Component (Software And Solution, Data discovery, Data protection, Data governance, Professional Services, and Others)
• by Deployment (0n-Premise and Cloud)
• by Organization Size (Large Enterprise and SME)
• by Vertical (BFSI, Government and Defense, Healthcare and Pharmaceuticals, IT And Enterprise, Telecommunication, Retail, and Others)
|Regional Analysis/Coverage||North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, +D11UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Company Profiles||Broadcom Inc., Forcepoint, IBM Corporation, Imperva, Informatica, Micro Focus, Netapp, Inc., Orange Cyberdefense, Talend S.A., and Varonis|
|Key Drivers||•Demand for data-centric security solutions is increasing.
•Data-centric security solutions are being used as a result of stringent restrictions.
|Market Restraints||•Tolerance of the organization for security breaches caused by internal weaknesses.|
Frequently Asked Questions (FAQ) :
Ans: - The forecast period of the Data-Centric Security market is 2022-2028.
Ans: - Tolerance of the organization for security breaches caused by internal weaknesses.
Ans: - The segments covered in the Digital Rights Management Market report for study are on the basis of Component, Deployment, Organization Size, and Vertical.
Ans: - The Asia Pacific region dominated the worldwide data-centric security market with the biggest share.
Ans: - The major key players are Broadcom Inc., Forcepoint, IBM Corporation, Imperva, Informatica, Micro Focus, Netapp, Inc., Orange Cyberdefense, Talend S.A., and Varonis
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID 19 Impact Analysis
4.2 Impact of the Ukraine- Russia war
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Data-Centric Security Market Segmentation, by Component
8.1 Software and Solution
8.2 Data discovery
8.3 Data protection
8.4 Data governance
8.5 Professional Services
9. Data-Centric Security Market Segmentation, by Deployment
10. Data-Centric Security Market Segmentation, by Organization Size
10.1 Large Enterprise
11. Data-Centric Security Market Segmentation, by Vertical
11.2 Government and Defense
11.3 Healthcare and Pharmaceuticals
11.4 IT and Enterprise
12. Regional Analysis
12.2 North America
12.3.6 The Netherlands
12.3.7 Rest of Europe
12.4.2 South Korea
12.4.6 Rest of Asia-Pacific
12.5 The Middle East & Africa
12.5.3 South Africa
12.6 Latin America
12.6.3 Rest of Latin America
13. Company Profiles
13.1 Broadcom Inc.
13.1.2 Products/ Services Offered
13.1.3 SWOT Analysis
13.1.4 The SNS view
13.3 IBM Corporation
13.6 Micro Focus
13.7 Netapp, Inc.
13.8 Orange Cyberdefense
13.9 Talend S.A.
14. Competitive Landscape
14.1 Competitive Benchmarking
14.2 Market Share Analysis
14.3 Recent Developments
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